Solana Price Prediction: As Grayscale Adds Solana DeFi Apps To Q1 2025 Top Tokens, This SOL Layer-2 Meme Coin Could Be The Next Big Thing

The Solana price dropped 2% in the past 24 hours to trade at $187.71 as of 01:02 p.m. EST on trading volume that surged 35% to $3.9 billion.

This comes as Grayscale asset management recently added tokens including HYPE, VIRTUAL, ENA, and JITO to its list of the top 20 tokens to watch.

Virtuals is an AI platform, Hyperliquid is a high-performance Layer-1 network, and Ethena, Jupiter, and Jito are DeFi apps. Jupiter and Jito are native to Solana. 

Solana Price Gearing Up Towards A Bullish Reversal Pattern

The SOL price has transitioned from a strong bullish rally earlier in Q4 to a bearish correction and subsequent consolidation. After peaking above $264, the price has reversed significantly, forming a rounded top pattern, which is typically a bearish reversal signal, according to GeckoTerminal data. 

The Solana price is currently consolidating in a range between $180 (support) and $200 (resistance) after failing to reclaim the 50-day Simple Moving Average (SMA). This consolidation phase suggests indecision in the market, with buyers and sellers waiting for a clear breakout or breakdown.

The 200-day SMA is closer to the current price and acts as a critical support level. A breakdown below this level would signal further downside potential.

The Relative Strength Index (RSI) is at 42.71, which is in the lower neutral zone. This indicates bearish momentum but not oversold conditions. If the RSI falls below 40, it could confirm stronger selling pressure.

SOL/USD Chart Analysis Source: GeckoTerminal

SOL Price Prediction

The Solana price is currently at a crossroads, with consolidation in the $180-$200 range. The overall bearish trend, combined with the rounded top pattern and failure to reclaim moving averages, suggests a higher probability of further downside.

If the price breaks above $200 with strong volume, a recovery to target the 50-day SMA at $218 is possible.

However, a breakdown below $180 could result in a move toward the $168 support (200-day MA). If this level is breached, the price could test $150 or lower.

Meanwhile, investors are also buying a new Solana meme coin called Solaxy (SOLX) . According to 99Bitcoins, a popular crypto YouTube channel with over 719K subscribers, Solaxy has the potential to soar 100X post-launch.

Solaxy Presale Hurtles Past $7 Million—Best Solana Meme Coin To Buy?

Solaxy (SOLX) is revolutionizing the world of Solana-based tokens as the first-ever layer-2 solution built on the network. 

Unlike typical meme coins that focus solely on hype, Solaxy brings cutting-edge technology to address Solana’s congestion and scalability challenges.

What sets Solaxy apart is its seamless integration with Ethereum, creating a bridge between two powerful ecosystems. This innovation ensures faster transactions, reduced network strain, and effortless asset transfers across chains.

Since launching its presale two weeks ago, Solaxy has already raised over $7 million, reflecting strong investor confidence. 

Additionally, its staking program offers an impressive 536% annual reward rate, with over 2 billion SOLX staked so far.

Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens at $0.001586 each using BNB, ETH, USDT, or a bank card.

Buy before a price hike in the next 33 hours to secure the best deal.

Visit SOLX’s website here .

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